I know what you're looking for. But you're not going to get it from this company. Below is a PR that's a different company's interpretation of Nicaragua's Rich Corporacion-- the same underlying company that is tied to Richwood Eco. This other company sat down for coffee with Rich, said they were interested in buying it, made no proposal, provided no cash, signed no letter of intent. But they gave their shareholders what they were "looking for," of course the next day after all the dilution, it ended up right back where it started.
So just be happy you don't get what you're looking for because when that happens, you really just get nothing. I suppose IOVE could have called it a $16.2 billion dollar deal. Maybe in a year, though, what you'll actually have is a company that has revenue of several million dollars.
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MIAMI, FL--(Marketwire - July 6, 2009) - Xynergy Holdings, Inc (PINKSHEETS: XYNH) is pleased to announce that it has acquired ICCA, an emerging global brokerage and consulting firm doing business in Central and South America, and currently brokering a 16.2 Billion Dollar Timber and Lumber deal in Nicaragua.
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"This deal marks a significant shift by Xynergy toward building an international presence," says CEO J. Carlos Ley. "This deal in particular, wherein we can leverage our interests in alternative energy against traditional business transactions like the 16 billion dollar wood extraction and brokerage opportunity in Nicaragua, is exactly how we intend on establishing our footprint in global business." Continues Ley, "We see a lot more than just a commission, we see a business going forward once the wood is extracted and sold."
ICCA is a company focused on Global Commerce. They have established brokerage contracts for the exclusive representation and sale of exotic Tropical Hardwoods from Central America into the USA, and Asia with two different entities. It is important to note that these hardwoods were part of the devastation caused by Hurricane Felix in 2007, and special permits and exceptions have been made in order to salvage the large quantity and variety of wood species devastated by the storm. It is estimated that there is approximately $16.2 Billion worth of wood that requires extraction from the forests.
ICCA plans on promoting the sale of the hardwoods to various global markets, including the USA. Much of this wood can be used for high end furniture manufacturing, as well as for construction of high end homes. ICCA and Xynergy will look for manufacturers, and contractors to partner with as vendors and grow this aspect of the business to bring revenue into the company. Additionally ICCA also has ties with Spain, and has plans to import / export consumer retail products for distribution.
